Ghana: Blow Lamp Market 2024

Blow Lamp Market Size in Ghana

The Ghanian blow lamp market expanded significantly to $X in 2022, increasing by 13% against the previous year. Overall, consumption showed measured growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Blow Lamp Production in Ghana

In value terms, blow lamp production amounted to $X in 2022 estimated in export price. Overall, production recorded a slight increase. The growth pace was the most rapid in 2020 when the production volume increased by 79%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Blow Lamp Exports

Exports from Ghana

In 2019, overseas shipments of blow lamps decreased by -30% to X kg, falling for the second consecutive year after two years of decline. In general, exports showed a precipitous setback. The smallest decline of -25.9% was in 2018. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, blow lamp exports shrank significantly to $X in 2019. Overall, exports recorded a dramatic contraction. The smallest decline of -19.5% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Nigeria (X kg) was the main destination for blow lamp exports from Ghana, accounting for a 89% share of total exports. Moreover, blow lamp exports to Nigeria exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold. The third position in this ranking was held by the United States (X kg), with a 3.6% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and the United States (0.0% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for blow lamps exports from Ghana, comprising 91% of total exports. The second position in the ranking was taken by South Africa ($X), with a 3% share of total exports. It was followed by the United States, with a 2.9% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and the United States (0.0% per year).

Export Prices by Country

The average blow lamp export price stood at $X per ton in 2019, surging by 8.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 8.7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2019, amid the top suppliers, the countries with the highest prices were Nigeria ($X per ton) and South Africa ($X per ton), while the average price for exports to the UK ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Blow Lamp Imports

Imports into Ghana

After two years of growth, supplies from abroad of blow lamps decreased by -69.8% to X kg in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1,774% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, blow lamp imports declined dramatically to $X in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 1,862%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

China (X kg), Italy (X kg) and the UK (X kg) were the main suppliers of blow lamp imports to Ghana, together comprising 64% of total imports. Germany, France, Spain, the United States, Belgium, the United Arab Emirates and Portugal lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +50.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest blow lamp suppliers to Ghana were Spain ($X), China ($X) and Italy ($X), with a combined 59% share of total imports. Germany, France, the United Arab Emirates, Portugal, the UK, Belgium and the United States lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Germany, with a CAGR of +84.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blow lamp import price stood at $X per ton in 2022, growing by 85% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 238%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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